US introduces sanctions on IRISL

Iran’s Trade Promotion Organisation has signed a MOU with the Islamic Republic of Iran Shipping Lines to operate new services linking the country’s northern ports with Russia and Kazakhstan

Nigel Carden, Deputy Chairman for the UK Club Managers Thomas Miller P&I, has highlighted issues regarding the decision by President Trump to withdraw the USA from participation in the Joint Comprehensive Plan of Action agreed between Iran, the EU, and the P5+1 (the five permanent members of the United Nations Security Council – China, France, Russia, United Kingdom, United States – plus Germany), and to re-impose US nuclear-related sanctions

Antwerp Port Authority and Shahid Rajaee Port Authority have signed a collaboration agreement regarding the Port of Bandar Abbas, Iran’s biggest sea port

Iranian shipping line IRISL is close to ordering its first new ships of the post-sanctions era. WorldCargo News understands that an agreement is imminent with Hyundai Heavy Industries for at least three 14,500 TEU ships. Talks are also taking place with other South Korean and Chinese yards for tonnage that the carrier hopes to have in service in 2018.

Following an extensive programme of redevelopment and terminal improvements, the Port of Gothenburg believes now is the right time to break into the fast-growing, but fiercely competitive, Baltic transhipment business.

The Spanish Mediterranean port of Castellón appears at last to be attracting additional container traffic to its two multi-purpose terminals. First, a new service operated by IRISL linking the port with the Red Sea, the Persian Gulf and Indian sub-continent commenced on June 5. Initially, call rotation is every 15 days, although is expected to become weekly by the end of July. The service will use Terminal Polivalente de Castellón.